JPMorgan Chase & Co. Lowers Wizz Air (LON:WIZZ) Price Target to GBX 3,900

Wizz Air (LON:WIZZGet Rating) had its target price cut by stock analysts at JPMorgan Chase & Co. from GBX 4,000 ($48.19) to GBX 3,900 ($46.99) in a note issued to investors on Thursday, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 75.75% from the company’s previous close.

WIZZ has been the topic of several other reports. Berenberg Bank raised Wizz Air to a “buy” rating and reduced their target price for the company from GBX 3,500 ($42.17) to GBX 3,300 ($39.76) in a research note on Tuesday, June 14th. Citigroup reaffirmed a “sell” rating on shares of Wizz Air in a research note on Monday, April 4th. Sanford C. Bernstein set a GBX 6,105 ($73.55) price target on Wizz Air in a research note on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 2,350 ($28.31) price target on shares of Wizz Air in a research note on Tuesday, July 12th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 4,300 ($51.81) price target on shares of Wizz Air in a research note on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 3,571.25 ($43.03).

Wizz Air Price Performance

WIZZ opened at GBX 2,219 ($26.73) on Thursday. The company has a debt-to-equity ratio of 1,502.39, a quick ratio of 0.96 and a current ratio of 1.15. Wizz Air has a 52-week low of GBX 1,664 ($20.05) and a 52-week high of GBX 5,478 ($66.00). The stock has a market capitalization of £2.67 billion and a PE ratio of -4.08. The stock’s 50 day moving average price is GBX 2,202.75 and its 200-day moving average price is GBX 2,982.05.

Insider Activity

In other Wizz Air news, insider Andrew S. Broderick purchased 3,075 shares of the stock in a transaction dated Wednesday, July 27th. The shares were purchased at an average cost of GBX 2,165 ($26.08) per share, with a total value of £66,573.75 ($80,209.34).

Wizz Air Company Profile

(Get Rating)

Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes in Europe and the Middle East. As of June 08, 2022, it operated a fleet of 154 aircraft that offered services for approximately 1000 routes from 194 airports in 51 countries.

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